Breaking News Instant updates and real-time market news.

2016-10-17 08:13:52

NAV

Navistar

$22.67

-0.17 (-0.74%)

08:13

10/17/16

10/17

08:13

10/17/16

08:13

Navistar appoints three new directors

On October 14 the board of directors of Navistar International appointed Jose Maria Alapont, Stephen R. D'Arcy and Dennis A. Suskind as new directors, effective immediately. Alapont has been appointed as a member of the Board's Finance Committee; D'Arcy was appointed as a member of the Board's Audit Committee; and Suskind was appointed as a member of the Board's Compensation Committee. Jose Maria Alapont retired in 2012 as President and CEO of Federal-Mogul, an automotive and industrial equipment supplier. Stephen R. D'Arcy has served as a Partner of Quantum Group an investment and consulting firm since 2010. Dennis A. Suskind joined J. Aron & Company in 1961 where he served as Executive Vice President and was responsible for the worldwide precious metal trading operations. These appointments increase the number of Navistar board members to 12.

31

Oct

NAVNavistar

$22.67

-0.17 (-0.74%)

09/07/16

RBCM

09/07/16NO CHANGERBCM

Navistar deal undermines bear thesis, says RBC Capital

After Navistar (NAV) announced a strategic alliance with Volkwagen (VLKAY) and Volkwagen's purchase of a 16.6% stake in Navistar, RBc Capital analyst Seth Webber says that the deal "goes a long way toward deflating a bear thesis around (Naistar's) slow HD share" gain and its "financial position/liquidity." .Webber says he plans to adjust his model following Navistar's Q3 results on September 8. For now, he keeps a Sector Perform rating on the shares.

09/07/16

09/07/16INITIATION

On The Fly: Top analyst initiations

Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Navistar (NAV) initiated with a Hold at Deutsche Bank. 2. Barrick Gold (ABX) initiated with a Sell at Berenberg while the firm initiated Randgold (GOLD), Kinross Gold (KGC), and Goldcorp (GG) with a Hold. 3. 3. After the close on Tuesday, Deutsche Bank analysts Nicole DeBlase, Saree Boroditsky, and Kevin Marek initiated the U.S. Machinery group with a "cautious view." Oshkosh (OSK), Caterpillar (CAT), and Wabtec (WAB) were initiated with Buy ratings at Deutsche Bank, while the firm initiated Cummins (CMI) and CNH Industrial (CNHI) with Sell ratings. The firm also initiated Deere (DE), AGCO (AGCO), Terex (TEX), PACCAR (PCAR), WABCO (WBC), and United Rentals (URI) with Hold ratings. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

09/09/16

GSCO

09/09/16UPGRADETarget $20GSCONeutral

Navistar upgraded to Neutral from Sell at Goldman

Goldman Sachs analyst Jerry Revich upgraded Navistar International (NAV) to Neutral saying liquidity risk is "meaningfully reduced" with the capital injection from Volkswagen (VLKAY). Revich raised his price target for the shares to $20 from $2. He believes the near-term risk/reward for the stock is balanced.

09/09/16

WELS

09/09/16NO CHANGEWELS

Navistar 'making progress' on turnaround, says Wells Fargo

After Navistar reported weaker than expected results but reiterated its full-year guidance, Wells Fargo says that "some" of Navistar's "more severe risks appear to be fading." The firm says that Navistar's deal with Volkswagen (VLKAY) will reduce its liquidity risk, but Wells thinks that Navistar's end market continues to be "weak." The firm raised its price target range on the stock to $17-$20 from $11-$14 but keeps a Market Perform rating on the shares.